The following stocks were detected to be trading among the most active on November 16: Micron Technology Inc, iShares MSCI Emerging Markets Index, Ford Motor Co, Abercrombie & Fitch Co, and General Electric Co. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of Micron Technology Inc. (MU) traded higher by 5.31% or $0.29/share to $5.75. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 38084040 shares of MU exchange hands on a given day and today's volume is recorded at 15863011. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $5.80 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.17% or $-0.47/share to $40.01. In the past year, the shares have traded as low as $33.43 and as high as $49.93. On average, 75126240 shares of EEM exchange hands on a given day and today's volume is recorded at 14627497. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $44.25 represents resistance and the 50-day moving average of $39.06 would be an area of support.
Shares of Ford Motor Co. (F) fell by 0.92% or $-0.10/share to $10.77. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 64532090 shares of F exchange hands on a given day and today's volume is recorded at 14324409. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.91 area but be careful because the stock may face selling pressure at this level.
Shares of Abercrombie & Fitch Co. (ANF) fell by 13.68% or $-7.62/share to $48.08. In the past year, the shares have traded as low as $43.78 and as high as $78.03. On average, 2951100 shares of ANF exchange hands on a given day and today's volume is recorded at 13703288. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $65.36 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) fell by 0.49% or $-0.08/share to $16.12. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 70965890 shares of GE exchange hands on a given day and today's volume is recorded at 13714869. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $18.06 represents resistance and the 50-day moving average of $15.97 would be an area of support.
